The state of Connecticut has been awarded approximately $123 million to establish MyHomeCT, a program funded by the Homeowner Assistance Fund. The goal of MyHomeCT is to cure
delinquencies and defaults, and prevent foreclosures among eligible homeowners that occurred as the result of the Covid-19 pandemic. The program also includes assistance for qualified non-mortgage expenses including, but not limited to, non-escrowed real estate taxes and insurance as well as condominium/homeowners’ association fees. Homeowners may be eligible for one or more grants not to exceed the MyHomeCT program maximum award of $50,000. This program is being administered by the Connecticut Housing Finance Authority (CHFA). Questions regarding this program should be directed to CHFA.
Eligibility Requirements:
-Applicants must have experienced a Covid-19 related financial hardship after January 21, 2020
or experienced a financial hardship before January 21, 2020 which was worsened/extended
by the pandemic.
-Assistance for a delinquency existing from prior to January 21, 2020 is capped to three months
so any amounts owed before October 2019 will not be eligible. Real estate property taxes
that were assessed on the 2018 Grand List and subsequent Grand Lists are eligible expenses.
-Homeowner must live in the state of Connecticut and occupy the property as their primary
residence.
-Property must be an owner-occupied 1-to-4 unit house, condominium or manufactured home.
-Homeowners applying for mortgage assistance must have a mortgage that had a principal
balance at or below the Federal Housing Finance Agency’s conforming loan limits for Fannie
Mae and Freddie Mac at the time of origination.
-Household income must be equal to or less than 150% area median income (AMI), adjusted for
household size. The income limits for Darien are as follows:
Household of 1 $176,750
Household of 2 202,000
Household of 3 227,250
Household of 4 252,450
Household of 5 272,650
Household of 6 292,850
Household of 7 313,050
Household of 8 333,250
Eligible Expenses:
-Mortgage delinquencies
-Non-escrowed real estate taxes (Grand List 2018 forward)
-Non-escrowed homeowners’ insurance and flood insurance
-Water and sewer liens
-Ground lease or lot payments
-Condominium and/or homeowners’ association fees
-Condominium and/or homeowners’ association special assessments
-Fees that were advanced by the loan servicer/mortgage company on behalf of an applicant with
a reverse mortgage
To learn more, please visit www.chfa.org/MyHomeCT
Original source can be found here.
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